SET Announcements

= TRANSLATION = Ref: CK-04-0000-PO-L-0215 July 27, 2004 Subject Use of Additional Capital from Warrant Exercise Attention President The Stock Exchange of Thailand Since CH. Karnchang Public Company Limited had its resolution for the Extra- ordinary of Shareholder No. 1/2546 on November 6, 2003, on additional capital registered for another Baht 262,500,000.- by issuing the new ordinary share for 262,500,000 shares. The aforesaid is to support the warrant issued to the existing shareholders and then the directors and employees as apportioned into 210,000,000 shares and 52,500,000 shares, supporting to the exercise of the existing shareholders, the directors and employees respectively. As the warrant will be existed for 3 years, the date of first exercise will be therefore from the last working date of June 2004 through the last working date of March 2007. The Company has scheduled the period for the intention of the first exercise during the 23rd - 25th and 28th - 29th of June 2004, whereby being the exercise of the whole of existing shareholders for 4,621,800 units and the amount from such exercise totaled Baht 20,798,100.- Presently, the Company has not yet used the above-mentioned additional capital at all, however, the Company has prepared for working capital as for its business operation onwards. For your information. Sincerely yours, = Signature = (Mr. Plew Trivisvavet) Chief Executive Officer